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Remittances : Transaction Costs, Determinants, and Informal Flows

Freund, Caroline; Spatafora, Nikola - 2012

payments (BOP), migration, transaction costs, and country characteristics. Their results imply that informal remittances amount …Recorded workers' remittances to developing countries have grown rapidly, to more than $100 billion in 2004, bringing … understate true remittances, as a large share is believed to flow through informal channels. Estimates of the importance of the …

Persistent link: https://www.econbiz.de/10012554162

Finance, Financial Sector Policies, and Long-Run Growth

Demirg????-Kunt, Asli; Levine, Ross - 2012

The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems...

Persistent link: https://www.econbiz.de/10012552258

Bank Regulations Are Changing : For Better or Worse?

Barth, James R.; Caprio, Gerard, Jr.; Levine, Ross - 2012

This paper presents new and official survey information on bank regulations in 142 countries and makes comparisons with two earlier surveys. The data do not suggest that countries have primarily reformed their bank regulations for the better over the last decade. Following Basel guidelines many...

Persistent link: https://www.econbiz.de/10012552433

Financial Institutions and Markets across Countries and over Time : Data and Analysis

Beck, Thorsten; Demirg????-Kunt, Asli; Levine, Ross - 2012

This paper introduces the updated and expanded version of the Financial Development and Structure Database and presents recent trends in structure and development of financial institutions and markets across countries. The authors add indicators on banking structure and financial globalization....

Persistent link: https://www.econbiz.de/10012551886

Trading on Time

Djankov, Simeon; Freund, Caroline; Pham, Cong S. - 2012

The authors determine how time delays affect international trade using newly collected World Bank data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries. They estimate a modified gravity equation, controlling for endogeneity and remoteness. On...

Persistent link: https://www.econbiz.de/10012553733

Internationalization and the Evolution of Corporate Valuation

Gozzi, Juan Carlos; Levine, Ross; Schmukler, Sergio L. - 2012

By documenting the evolution of Tobin's q before, during, and after firms internationalize, the authors provide evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, they find that...

Persistent link: https://www.econbiz.de/10012553757

Finance, Firm Size, and Growth

Beck, Thorsten; Demirguc-Kunt, Asli; Laeven, Luc - 2012

The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size...

Persistent link: https://www.econbiz.de/10012553939

Benchmarking Financial Systems around the World

??ih??k, Martin; Demirg????-Kunt, Asl??; Feyen, Erik - 2013

This paper introduces the Global Financial Development Database, an extensive dataset of financial system characteristics for 205 economies from 1960 to 2010. The database includes measures of (a) size of financial institutions and markets (financial depth), (b) degree to which individuals can...

Persistent link: https://www.econbiz.de/10012557069

The Evolution and Impact of Bank Regulations

Barth, James R.; Caprio, Gerard, Jr.; Levine, Ross - 2013

This paper reassesses what works in banking regulation based on the new World Bank survey (Survey IV) of bank regulation and supervision around world. The paper briefly presents new and official survey information on bank regulations in more than 125 countries, makes comparisons with earlier...

Persistent link: https://www.econbiz.de/10012557956

Law and Firms' Access to Finance

Beck, Thorsten; Demirg????-Kunt, Asli; Levine, Ross - 2013

Why does a country's legal origin influence its firms' access to finance? Using data from over 4,000 firms in 38 countries, the authors show that firms in countries with French legal origin face significantly higher obstacles in accessing external finance than firms in common law countries....

Persistent link: https://www.econbiz.de/10012559656